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2023-03-07 00:00:00+00:00
AAL
US to make antitrust announcement amid expectations of JetBlue lawsuit
Adds background on JetBlue deal for Spirit WASHINGTON, March 7 (Reuters) - The U.S. Justice Department said on Tuesday it would make an announcement on an antitrust matter amid expectations that it would sue to stop JetBlue Airways JBLU.O from buying Spirit Airlines SAVE.N. JetBlue had said Monday it was expecting an a...
2023-03-07 00:00:00+00:00
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Tuesday's ETF with Unusual Volume: EFIV
The SPDR S&P 500 ESG ETF is seeing unusually high volume in afternoon trading Tuesday, with over 745,000 shares traded versus three month average volume of about 63,000. Shares of EFIV were off about 1.6% on the day. Components of that ETF with the highest volume on Tuesday were Advanced Micro Devices, trading up about...
2023-03-07 00:00:00+00:00
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Why Spirit Airlines Stock Is Up Today
What happened The Department of Justice, as expected, has sued to try to block JetBlue Airways (NASDAQ: JBLU) from acquiring Spirit Airlines (NYSE: SAVE). But 24 hours after Spirit shares fell on the rumor, today, the stock is actually up more than 3% on the news. Although an outcome is far from certain, some investors...
2023-03-07 00:00:00+00:00
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Bullish Air Traffic Cushions Ryanair (RYAAY) Against Cost Woes
Ryanair Holdings RYAAY is being affected by high fuel costs. The airline’s fuel and oil expenses increased by more than 50% year over year in third-quarter fiscal 2023 (ended Dec 31, 2022). Also, a ramp-up in RYAAY’s operations is pushing up total costs. Total operating expenses rose more than 35% year over year in th...
2023-03-07 00:00:00+00:00
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American Airlines prepared to match Delta's pilot pay rates -CEO
Adds more details, quote, background CHICAGO, March 7 (Reuters) - American Airlines AAL.O is prepared to match the pay rates and profit-sharing formula that rival Delta Air Lines DAL.N has provided in its new pilot contract, Chief Executive Robert Isom said on Tuesday. Isom told American pilots that matching Delta's de...
2023-03-07 00:00:00+00:00
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Airlines Industry is Likely to Revive Lost Glory in 2023
The global airlines industry is set to revive its lost glory in 2023. The industry suffered a massive hit from early 2020 to mid-2022, due to pandemic-induced travel restrictions and lockdowns. However, as the United States and most countries globally removed air travel restrictions buoyed by the gradual fading out of ...
2023-03-07 00:00:00+00:00
AAL
Zacks Investment Ideas feature highlights: United Airlines, American Airlines, Southwest Airlines, Ryanair and Copa Airlines
For Immediate Release Chicago, IL – March 7, 2023 – Today, Zacks Investment Ideas feature highlights United Airlines UAL, American Airlines AAL, Southwest Airlines LUV, Ryanair Holdings RYAAY and Copa Airlines CPA. Breaking Down 3 Airline Segments (Avoid 1) The Resurgence of Air Travel Since the COVID-19 fallout in 202...
2023-03-06 00:00:00+00:00
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U.S. FAA, NTSB probe new airline runway incident
By David Shepardson WASHINGTON, March 6 (Reuters) - U.S. aviation authorities said late on Monday they were investigating a fresh incident involving two airplanes cleared to use the same runway that forced one to abandon a landing and renewed safety questions. The National Transportation Safety Board (NTSB) and Federal...
2023-03-06 00:00:00+00:00
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U.S. DOJ may sue to block JetBlue's $3.8 bln Spirit deal - Bloomberg News
March 6 (Reuters) - The U.S. Department of Justice (DOJ) is expected to file an anti trust lawsuit to block a $3.8 billion merger between low-cost carriers JetBlue Airways Corp JBLU.O and Spirit Airlines Inc SAVE.N, Bloomberg News reported on Monday. (Reporting by Shivansh Tiwary in Bengaluru; Editing by Anil D'Silva) ...
2023-03-06 00:00:00+00:00
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6 Reasons Why You Should Buy American Airlines (AAL) Now
American Airlines Group Inc. AAL is benefiting from continued recovery in air-travel demand. Driven by soaring demand for healthy bookings, management expects total unit revenues in the first quarter of 2023 to be roughly 24-27% higher than the level recorded in first-quarter 2022. Against this backdrop, let’s look at ...
2023-03-06 00:00:00+00:00
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Breaking Down 3 Airline Segments (Avoid 1)
The Resurgence of Air Travel Since the COVID-19 fallout in 2020, airlines have been on the runway to recovery. In 2022, air traffic numbers finally recovered fully to 2019 pre-pandemic numbers, according to the FAA. Thus far in March, TSA checkpoint numbers are showing 2023 not only surpassing 2022, but also taking out...
2023-03-06 00:00:00+00:00
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U.S. pressures airlines to commit to ending family seating fees
By David Shepardson WASHINGTON, March 6 (Reuters) - Three U.S. airlines agreed to commit in writing to eliminating family seating fees if adjacent seats are available during booking, the U.S. Department of Transportation (USDOT) said on Monday. Under pressure from the Biden administration, American AirlinesAAL.O, Alask...
2023-03-03 00:00:00+00:00
AAL
GOL Linhas (GOL) to Announce Q4 Earnings: What to Expect?
GOL Linhas Aéreas Inteligentes S.A.GOL is scheduled to report fourth-quarter 2022 results on Mar 8. GOL Linhas has an unimpressive earning surprise history missing the Zacks Consensus Estimate in two of the four trailing quarters (beating the estimate on two instances). The average negative earnings surprise for the fo...
2023-03-03 00:00:00+00:00
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Air Canada pilots decry 'embarrassing' pay gap with U.S. after Delta deal
By Allison Lampert MONTREAL, March 3 (Reuters) - Air Canada AC.TO pilots are pressing for higher pay in the run-up to fresh contract talks, following recent gains secured by pilots at U.S. carrier Delta Air Lines DAL.N, union representatives told Reuters. A contract between Delta and its pilots that came into effect on...
2023-03-03 00:00:00+00:00
AAL
Unusual Options Activity and Flow in American Airlines (AAL)
O n March 3, 2023, among the underlying components of the Nasdaq, Unusual Whales saw unusual or noteworthy options trading volume and activity in American Airlines (AAL) 4/21 C $17.00. The following screenshot from Unusual Whales shows a large premium, bullish, contracts that are monthly and ask-side. The Bid-Ask is $0...
2023-03-03 00:00:00+00:00
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Airline Stocks Look Ultra-Cheap, but Consider This Advice Before Buying
A quick look at the price-to-earnings ratios for airline stocks including Southwest Airlines (NYSE: LUV), American Airlines (NASDAQ: AAL), Delta Airlines (NYSE: DAL), and United Airlines Holdings (NASDAQ: UAL) says these are dirt cheap. Combine that with a surging global economy and China reopening, and it seems like a...
2023-03-03 00:00:00+00:00
AAL
5 Reasons Why Investors Should Bet on Ryder (R) Stock Now
Ryder System, Inc. R is benefiting from strong rental demand and favorable pricing. The company’s measures to reward its shareholders are encouraging. Against this backdrop, let’s look at the factors that make this stock an attractive pick. What Makes Ryder an Attractive Pick? An Outperformer: A glimpse at the company’...
2023-03-03 00:00:00+00:00
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5 Broker-Friendly Stocks to Watch as Inflation Stays Hot
After making a strong start to the year, major indexes are slipping again and ended February in the red. The hotter-than-expected inflation reading for the month of January implies that inflation-related concerns are certainly not a thing of the past. With inflation rising again, many market watchers believe that the ...
2023-03-03 00:00:00+00:00
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Here's Why You Should Retain Canadian Pacific (CP) Stock Now
Canadian Pacific Railway Limited CP is benefiting from an uptick in freight revenues which is expected to continue. However, escalated fuel costs, a primary headwind, are limiting its bottom-line growth. Factors Favoring CP With gradual recovery in freight-market conditions, freight revenues are increasing. It rose 21%...
2023-03-02 00:00:00+00:00
AAL
American Airlines (AAL) Gains But Lags Market: What You Should Know
American Airlines (AAL) closed the most recent trading day at $16.12, moving +0.56% from the previous trading session. This change lagged the S&P 500's 0.76% gain on the day. Elsewhere, the Dow gained 1.05%, while the tech-heavy Nasdaq lost 0.98%. Heading into today, shares of the world's largest airline had lost 3.95%...
2023-03-02 00:00:00+00:00
AAL
Validea Guru Fundamental Report for AAL - 3/2/2023
Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via dividends, buybacks and d...
2023-03-02 00:00:00+00:00
AAL
Interesting AAL Put And Call Options For April 14th
Investors in American Airlines Group Inc (Symbol: AAL) saw new options begin trading today, for the April 14th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new April 14th contracts and identified one put and one call contract of particular interest. T...
2023-03-02 00:00:00+00:00
AAL
United Parcel's (UPS) Dividends & Buyback Aid, Expenses Ail
United Parcel Service, Inc. UPS is benefiting from its shareholder-friendly initiatives. These initiatives not only instill investors’ confidence but also positively impact earnings per share. The company recently reported fourth-quarter 2022 earnings of $3.62 per share beat the Zacks Consensus Estimate of $3.58 and im...
2023-03-02 00:00:00+00:00
AAL
Delta Air Lines' (DAL) 4-Year Contract With Pilots Ratified
Delta Air Lines DAL received encouraging tidings on the labor front when the Delta Master Executive Council ("MEC"), represented by the Air Line Pilots Association, announced the ratification of a four-year deal pertaining to wage increase. Evidently, 96% of the eligible pilots participated in the voting procedure wit...
2023-03-02 00:00:00+00:00
AAL
AZUL Gears Up to Report Q4 Earnings: Here's What to Expect
Azul, S.A. AZUL is scheduled to report fourth-quarter 2022 results on Mar 6, before market open. Azul has failed to surprise its shareholders, with its earnings missing the Zacks Consensus Estimate in three of the four trailing quarters (beating on one instance). The negative earnings surprise for the four quarters was...
2023-03-01 00:00:00+00:00
AAL
The Zacks Analyst Blog Highlights Allegiant Travel Company, Copa Holdings, JetBlue Airways, American Airlines and Gol Linhas
For Immediate Release Chicago, IL – March 1, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Allegiant Travel Company ALGT...
2023-03-01 00:00:00+00:00
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Botswana mining growth seen flat amid dim diamond outlook
GABORONE, March 1 (Reuters) - Botswana expects output from its mining sector to be flat this year, as the diamond industry loses its sparkle due to a contraction in consumer spending and weaker demand for diamond jewellery, a finance ministry official said on Wednesday. Overall mining output in 2022 rose by 8.2%. But t...
2023-03-01 00:00:00+00:00
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Union Pacific (UNP) to Get New CEO Replacing Lance Fritz
Union Pacific UNP is looking for an appropriate successor to current CEO Lance Fritz. Fritz, who has been the company’s CEO since 2015 has decided to step down. The railroad operator intends to appoint Fritz’s successor during the course of the current year. Expressing his gratitude, Fritz stated “It is my honor and pr...
2023-02-28 00:00:00+00:00
AAL
Airline Stock Roundup: ALGT's Rosy Traffic Report for January, CPA in Focus
In the past week, Allegiant Travel Company’s ALGT management announced that 27.2% more passengers (system-wide) were transported on various ALGT flights in January 2023 than in the previous year. The stronger-than-expected recovery in air-travel demand from the pandemic lows is leading to this rosy scenario pertaining ...
2023-02-28 00:00:00+00:00
AAL
Should You Take a Cruise in Royal Caribbean Stock?
Cruise operator Royal Caribbean Group Ltd. (NYSE: RCL) is experiencing a record WAVE season, typically the first few months of the year when customers take advantage of cruise promotions. The seven biggest booking weeks in the company's history have occurred since November 2022. Many industries like technology, feed de...
2023-02-28 00:00:00+00:00
AAL
Schneider (SNDR) Rides on Segmental Growth, Expenses Ail
Schneider National, Inc. SNDR benefits from strength across its Truckload and Intermodal segments. Shares of Schneider have gained 18.7% over the past six months, outperforming the 3.2% rise of the industry it belongs to. Image Source: Zacks Investment Research The company recently reported fourth-quarter 2022 earning...
2023-02-28 00:00:00+00:00
AAL
Anglo seeks to invest in start-ups to cut steel CO2 emissions
By Eric Onstad LONDON, Feb 28 (Reuters) - Miner Anglo American AAL.L aims to invest in start-ups developing technology to cut carbon emissions from steel-making and lower the group's carbon footprint, it said on Tuesday. Anglo, along with EU-funded EIT Raw Materials, has launched a competition to find innovative small ...
2023-02-27 00:00:00+00:00
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FOCUS-Aviation industry turns to childcare, free iPhones to lure workers
By Allison Lampert and Rajesh Kumar Singh Feb 27 (Reuters) - The North American aviation industry is wooing workers with daycare centers, cheaper transport and free iPhones to compete in a tight market where salaries for entry-level, low-skilled jobs often lag those at e-commerce companies like Amazon. Shortages of wor...
2023-02-27 00:00:00+00:00
AAL
6 Reasons Why Investors Should Invest in Ryanair (RYAAY) Now
Ryanair Holdings plc RYAAY is benefiting from the improvement in traffic from the pandemic-led slump. Measures to expand its fleet and bring down debt levels are encouraging too. Against this backdrop, let’s look at the factors that make this stock an attractive pick. What Makes RYAAY an Attractive Pick? An Outperform...
2023-02-27 00:00:00+00:00
AAL
Are Investors Undervaluing American Airlines (AAL) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular ...
2023-02-24 00:00:00+00:00
AAL
Here's Why You Should Hold Allegiant (ALGT) in Your Portfolio
Allegiant Travel Company ALGT is benefiting from buoyant air-travel demand. The company reported fourth-quarter 2022 earnings (excluding 30 cents from non-recurring items) of $3.17 per share, outperforming the Zacks Consensus Estimate of 79 cents per share. The company reported earnings of $1.18 per share a year ago. B...
2023-02-24 00:00:00+00:00
AAL
Allegiant (ALGT) Shares Rise 20.5% in a Month: Here's Why
Allegiant Travel Company ALGT is being aided by the upbeat air travel demand scenario in the United States. Owing to increased passenger volumes, ALGT recently reported buoyant traffic data for January. In January 2023, Allegiant carried 1.20 million passengers in scheduled service, up 27.6% from the January 2022 actua...
2023-02-24 00:00:00+00:00
AAL
American Airlines (AAL) Dips More Than Broader Markets: What You Should Know
In the latest trading session, American Airlines (AAL) closed at $15.56, marking a -1.95% move from the previous day. This change lagged the S&P 500's daily loss of 1.05%. At the same time, the Dow lost 1.02%, and the tech-heavy Nasdaq lost 1.64%. Coming into today, shares of the world's largest airline had lost 4.46% ...
2023-02-24 00:00:00+00:00
AAL
Here's Why You Should Invest in Alaska Air Group (ALK) Stock
The continuous improvement of air travel demand along with appropriate pricing is favoring Alaska Air Group ALK. Let’s delve into the factors that make it an investment-worthy stock. Earnings Expectations: Earnings growth often indicates a company’s prospects. For first-quarter 2023, ALK’s earnings are expected to regi...
2023-02-24 00:00:00+00:00
AAL
Is American Airlines (AAL) Stock Outpacing Its Transportation Peers This Year?
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. American Airlines (AAL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look...
2023-02-23 00:00:00+00:00
AAL
American Airlines Appoints Greg Smith To Succeed Doug Parker As Chairman
(RTTNews) - American Airlines Group Inc. (AAL) said that it appointed Greg Smith as independent chairman of the company's board of directors, effective April 30, 2023. Smith, 56, will succeed Doug Parker, who will retire from the board at that time. Smith joined American's board in January 2022 after a more than 30-yea...
2023-02-23 00:00:00+00:00
AAL
American Airlines Group Inc. (AAL) is Attracting Investor Attention: Here is What You Should Know
American Airlines (AAL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this world's largest airline have returned -4.3% over the past month versus the Zacks S&P 50...
2023-02-23 00:00:00+00:00
AAL
Don’t Sleep on Airbnb Stock If You Want In on the Travel Boom
Digital lodging platform Airbnb Inc. (NASDAQ: ABNB) stock exploded upside on its Q4 2022 earnings release. The Company posted strong top and bottom line results as shares spiked over 13% in reaction. The post-pandemic recovery in the travel and leisure sector continued through the holiday season. Travel demand remai...
2023-02-23 00:00:00+00:00
AAL
Anglo American to incur $1.7 bln charge on Woodsmith project extension
Adds detail, background Feb 23 (Reuters) - Anglo American Plc AAL.L said on Thursday it would incur an impairment of $1.7 billion due to the extension of the development schedule and budget of its Woodsmith project as it seeks to accommodate higher production volumes and improve mining efficiency. The group said it exp...
2023-02-23 00:00:00+00:00
AAL
Anglo American extends schedule of Woodsmith project in England
Feb 23 (Reuters) - Anglo American Plc AAL.L said on Thursday the development schedule and budget of its Woodsmith project would be extended as the miner seeks to accommodate higher production volumes and improve mining efficiency. The group said it expects the first product from the Woodsmith project in north-east Engl...
2023-02-23 00:00:00+00:00
AAL
Notable Thursday Option Activity: AAL, AMD, JNJ
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 146,578 contracts have traded so far, representing approximately 14.7 million underlying shares. That amounts to about 64.8% of AAL's average daily trading ...
2023-02-23 00:00:00+00:00
AAL
Validea Guru Fundamental Report for AAL - 2/23/2023
Below is Validea's daily guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via dividends, buybacks...
2023-02-22 00:00:00+00:00
AAL
Six Reasons Why Investors Should Add GATX to Their Portfolio
GATX Corporation GATX is benefiting from its shareholder-friendly initiatives through which it rewards its shareholders in the form of dividend payments and share repurchases. Against this backdrop, let’s look at the factors that make this stock an attractive pick. What Makes GATX an Attractive Pick? An Outperformer: A...
2023-02-22 00:00:00+00:00
AAL
Airlines cancel over 1,000 U.S. flights as winter storm grips states
Feb 22 (Reuters) - Airlines canceled more than 1,000 flights in the United States on Wednesday as a strong winter storm makes its way through the western and central states. A total of 1,035 flights within, into or out of the United States were canceled by 0915 am ET, according to flight-tracking website FlightAware, w...
2023-02-21 00:00:00+00:00
AAL
Kumba Iron Ore cuts output forecast on South Africa rail crisis
Adds production guidance figures, CEO quote, Transnet context JOHANNESBURG, Feb 21 (Reuters) - A lack of freight trains to carry minerals to port forced South Africa's Kumba Iron Ore KIOJ.J on Tuesday to lower its production outlook for the next three years. South Africa's freight rail capacity has plummeted, hobbled b...
2023-02-21 00:00:00+00:00
AAL
6 Reasons Why Investors Should Invest in Copa Holdings (CPA)
Copa Holdings, S.A. CPA is benefiting from continued recovery in air-travel demand. Notably, CPA’s fourth-quarter 2022 revenues benefited from growth across Passenger revenues. Against this backdrop, let’s look at the factors that make this stock an attractive pick. What Makes Copa Holdings an Attractive Pick? An Outpe...
2023-02-20 00:00:00+00:00
AAL
Amplats annual profit down 38% after delayed smelter rebuild
Adds details Feb 20 (Reuters) - Anglo American Platinum (Amplats) AMSJ.J said on Monday its annual profit fell 38% in 2022, after a two-month delay in its smelter rebuild hit sales of platinum group metals (PGM). The top global PGM producer's headline earnings per share (HEPS) — the main profit measure in South Africa ...
2023-02-20 00:00:00+00:00
AAL
Tripadvisor Stock Gap and Crap. Here’s Why.
The world's largest travel guidance platform, Tripadvisor, Inc. (NASDAQ: TRIP), experienced strong travel demand in its Q4 2022 earnings release. It caused shares to gap 8% the following morning hitting a high of $27.30 before giving back all its gains and further selling off nearly 15% from its post-earnings highs. Th...
2023-02-20 00:00:00+00:00
AAL
3 Overlooked Industries That Could Outperform the Market
InvestorPlace - Stock Market News, Stock Advice & Trading Tips With the stock market becoming more volatile in recent years, investors are increasingly looking for new opportunities to invest their money. One such opportunity is investing in overlooked industries that have the potential to generate high returns. These ...
2023-02-17 00:00:00+00:00
AAL
Here's Why You Should Buy American Airlines (AAL) Stock Now
The rising air travel demand and increased capacity utilization are shaping the future performance of American Airlines AAL predominantly in the domestic business. Let’s delve into the factors that make it an investment-worthy stock. Earnings Expectations Earnings growth often indicates a company’s prospects. For first...
2023-02-17 00:00:00+00:00
AAL
Why Fast-paced Mover American Airlines (AAL) Is a Great Choice for Value Investors
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Who doesn't like betting on fast-moving tr...
2023-02-16 00:00:00+00:00
AAL
Validea Daily Guru Fundamental Report for AAL - 2/16/2023
Below is Validea's daily guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via dividends, buybacks...
2023-02-16 00:00:00+00:00
AAL
De Beers confident talks will deliver a Botswana diamond deal
President threatens to abandon talks over new sales deal Botswana pressing for bigger share of diamond revenue Current sales deal expires in June 2023 GABORONE, Feb 16 (Reuters) - De Beers is confident of maintaining its long-standing partnership with Botswana, a company official told Reuters on Thursday, but said some...
2023-02-15 00:00:00+00:00
AAL
U.S. safety board probes United runway incident at Honolulu airport
By David Shepardson WASHINGTON, Feb 15 (Reuters) - The National Transportation Safety Board (NTSB) said on Wednesday that it would open an investigation into a Jan. 23 incident at Honolulu Airport involving a United Airlines UAL.O widebody crossing a runway and conflicting with a Cessna landing on the same runway. The ...
2023-02-15 00:00:00+00:00
AAL
Amplats CEO Viljoen to step down, join Newmont as COO
Adds background and CEO quote Feb 15 (Reuters) - South African miner Anglo American Platinum Ltd (Amplats) AMSJ.J said on Wednesday Chief Executive Officer Natascha Viljoen would be stepping down next year to join U.S.-based Newmont Corporation NEM.N as its chief operating officer. Viljoen, who has been the CEO of the ...
2023-02-14 00:00:00+00:00
AAL
Can Junk Fees Prevention Act Thwart Live Nation’s Monopoly?
At his State of the Union address, US President Joe Biden promoted the Junk Fees Prevention Act (JFPA) to eliminate "junk fees". The act introduced in October of 2022 was initially aimed at the airline industry. The scope has expanded to include various industries, including credit cards, banking, broadband and cellpho...
2023-02-13 00:00:00+00:00
AAL
6 Reasons Why Investors Should Buy Alaska Air (ALK) Stock Now
Alaska Air Group, Inc. ALK is benefiting from continued recovery in air-travel demand. Notably, Alaska Air expects first-quarter 2023 total revenues to increase 29-32% from the first quarter of 2022 actuals. The company’s measures to reward its shareholders are encouraging. Against this backdrop, let’s look at the fact...
2023-02-13 00:00:00+00:00
AAL
Hawaiian Holdings (HA) Arm Gets Encouraging Labor Tidings
Hawaiian Holdings’ HA wholly-owned subsidiary Hawaiian Airlines received encouraging news on the labor front when its pilots cleared a four-year pay-related deal. Pilots of this carrier are represented by the Air Line Pilots Association (ALPA). Following the approval, the pilots are eligible for pay hikes, average of w...
2023-02-13 00:00:00+00:00
AAL
Amplats warns of sharp profit fall after delayed smelter rebuild
Feb 13 (Reuters) - Anglo American Platinum AMSJ.J (Amplats) expects its 2022 annual profit to be down as much as 52%, hit by a decline in sales of platinum group metals (PGM) after a delayed smelter rebuild, it said on Monday. The company, which is due to report annual results on Feb. 20, said that headline earnings pe...
2023-02-10 00:00:00+00:00
AAL
U.S. airlines urge FAA to extend 5G upgrade deadline
By David Shepardson WASHINGTON, Feb 10 (Reuters) - A group representing major U.S. airlines "strongly urged" the Federal Aviation Administration (FAA) to extend a proposed deadline to June 2024 to retrofit airplane altimeters to ensure they are not susceptible to 5G wireless interference. Airlines for America (A4A), wh...
2023-02-09 00:00:00+00:00
AAL
Primecap Management Cuts Stake in American Airlines Group (AAL)
Fintel reports that Primecap Management has filed a 13G/A form with the SEC disclosing ownership of 38.10MM shares of American Airlines Group Inc (AAL). This represents 5.86% of the company. In their previous filing dated February 10, 2022 they reported 40.90MM shares and 6.32% of the company, a decrease in shares of 6...
2023-02-09 00:00:00+00:00
AAL
Redburn Partners Upgrades American Airlines Group (AAL)
On February 8, 2023, Redburn Partners upgraded their outlook for American Airlines Group from Neutral to Buy. Analyst Price Forecast Suggests 0.40% Downside As of February 9, 2023, the average one-year price target for American Airlines Group is $16.90. The forecasts range from a low of $8.08 to a high of $27.30. The a...
2023-02-08 00:00:00+00:00
AAL
Is American Airlines (AAL) Outperforming Other Transportation Stocks This Year?
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is American Airlines (AAL) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that questio...
2023-02-08 00:00:00+00:00
AAL
American Airlines To Launch Proposed Offering Of $750 Mln Of Senior Secured Notes Due 2028
(RTTNews) - American Airlines, Inc., a subsidiary of American Airlines Group Inc. (AAL), announced Wednesday a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2028. The Notes will be guaranteed on a senior unsecured basis by American Airlines Group. The Company expects t...
2023-02-08 00:00:00+00:00
AAL
Anglo American to buy 9.9% stake in Canada Nickel
Feb 8 (Reuters) - Anglo American Plc AAL.L will buy a 9.9% stake in Canada Nickel Co Inc CNC.V, the owner of the Crawford nickel project in Ontario, in its bid to expand production of the niche metal, the London-listed miner said on Wednesday. Anglo American, which did not provide financial details of the deal, said it...
2023-02-08 00:00:00+00:00
AAL
Zacks Investment Ideas feature highlights: United Airlines, Copa, American Airlines, Ryanair and Delta
For Immediate Release Chicago, IL – February 8, 2023 – Today, Zacks Investment Ideas feature highlights United Airlines UAL, Copa Holdings CPA, American Airlines AAL, Ryanair RYAAY and Delta DAL. 5 Reasons Airlines Are Set for a Turbulence-Free 2023 Turbulent Times for Airlines It turns out that transporting thousands ...
2023-02-07 00:00:00+00:00
AAL
U.S. lawmakers focus on aviation safety after 2 near-miss crashes
By David Shepardson WASHINGTON, Feb 7 (Reuters) - The U.S. Congress needs to address serious concerns about the country's aviation system after recent incidents including two near miss crashes and the failure of a key pilot computing system, lawmakers said on Tuesday. "Right now the alarm bells should be going off acro...
2023-02-07 00:00:00+00:00
AAL
Spirit Airlines says expects DOJ decision on JetBlue merger in around 30 days
Feb 7 (Reuters) - Spirit Airlines Inc SAVE.N said on Tuesday it expects U.S. antitrust regulators to decide whether to allow the low-cost carrier to proceed with its $3.8 billion merger with JetBlue Airways Corp JBLU.O in the "next 30 days or so." "We are now waiting to see whether the Department of Justice (DOJ) filed...
2023-02-07 00:00:00+00:00
AAL
Knight-Swift (KNX) Rewards Investors With 16.7% Dividend Hike
In a shareholder-friendly move, Knight-Swift Transportation Holdings Inc. KNX has announced a hike in its dividend payout. KNX’s board of directors has approved a dividend hike of 16.7%, thereby raising its quarterly cash dividend from 12 cents per share to 14 cents. The raised dividend is anticipated to be paid out on...
2023-02-06 00:00:00+00:00
AAL
Anglo American CEO urges public-private fix to Transnet crisis
By Clara Denina and Helen Reid CAPE TOWN, Feb 6 (Reuters) - Anglo American's AAL.L CEO on Monday called for a public-private partnership to improve performance at South Africa's state-owned rail and port firm Transnet, whose failure to meet demand has hampered miners' ability to export their products. "From our perspec...
2023-02-06 00:00:00+00:00
AAL
Petra Diamonds open to M&A deals, CEO says
CAPE TOWN, Feb 6 (Reuters) - RICs for other companies please, Diamond miner Petra Diamonds PDL.L invited merger and acquisition proposals on Monday, with CEO Richard Duffy saying the industry would benefit from consolidation. The diamond mining industry is dominated by Russia's Alrosa ALRS.MM on one hand, and Anglo Ame...
2023-02-04 00:00:00+00:00
AAL
U.S. investigates aborted FedEx landing in Texas, two planes cleared for same runway
By David Shepardson Feb 4 (Reuters) - The Federal Aviation Administration and the U.S. National Transportation Safety Board are investigating an aborted landing in Austin, Texas, on Saturday morning by a FedEx FDX.N cargo plane that had been set to land on a runway on which a Southwest Airlines LUV.N jet was also clear...
2023-02-03 00:00:00+00:00
AAL
DAL, UAL, or AAL: Which Airline Stock is Set to Fly Higher in 2023?
Major U.S. airlines experienced pent-up travel demand last year following significant losses due to COVID-led travel restrictions. However, staffing issues, higher fuel costs, disruptions caused by weather, and capacity restrictions had an adverse impact on airlines. Using TipRanks’ Stock Comparison Tool, we pit Delta ...
2023-02-03 00:00:00+00:00
AAL
American Airlines (AAL)'s Technical Outlook is Bright After Key Golden Cross
American Airlines Group Inc. (AAL) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, AAL's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." There's a reason traders love a golden cross -- it'...
2023-02-03 00:00:00+00:00
AAL
Chile copper production down 0.5% in December - Cochilco
Adds full-year data SANTIAGO, Feb 3 (Reuters) - Chile's total copper production fell 0.5% in December to 495,800 tonnes, government body Cochilco said on Friday, meaning that output in the full year of 2022 dropped 5.3% on a yearly basis to 5.33 million tonnes. Monthly production from state-owned giant Codelco slipped ...
2023-02-03 00:00:00+00:00
AAL
Air Canada pilots union considers merger with larger union
By Allison Lampert and Aishwarya Nair MONTREAL, Feb 3 (Reuters) - The major pilots union in North America and the union representing Air Canada AC.TO pilots have had initial talks about a merger at a time when airlines are under pressure to staff up to meet rebounding travel demand, representatives of the unions told R...
2023-02-02 00:00:00+00:00
AAL
METALS-Copper heads for weekly losses amid demand pressure, dollar gain
BEIJING, Feb 3 (Reuters) - Copper prices dipped on Friday, heading for a weekly loss, as soft global demand weighed on sentiment despite the latest supply disruptions. Three-month copper on the London Metal Exchange CMCU3 was down 0.2% at $9,038 a tonne by 0158 GMT. For the week so far, the contract is down 2.4%. Citi ...
2023-02-02 00:00:00+00:00
AAL
Kumba delivers profit warning after rail problems hit exports
Feb 2 (Reuters) - Kumba Iron Ore KIOJ.J warned on Thursday that 2022 profit could have slumped by as much as 44% due to weaker iron ore prices and rail logistics problems in South Africa. Kumba said it expects headline earnings per share (HEPS) - the main profit measure used in South Africa - between 58.29-64.49 rand (...
2023-02-02 00:00:00+00:00
AAL
Anglo American quarterly copper output jumps more than 50%
Adds detail LONDON, Feb 2 (Reuters) - Global miner Anglo American's AAL.L fourth-quarter production rose 10%, boosted by its Quellaveco copper mine in Peru and rough diamond output from De Beers. The group reported a 52% surge in quarterly copper output to 244,000 tonnes thanks to the ramp-up of Quellaveco. A bright sp...
2023-02-02 00:00:00+00:00
AAL
Miner Anglo American's fourth quarter output rises as copper production jumps
Feb 2 (Reuters) - Global miner Anglo American Plc AAL.L said on Thursday its fourth quarter production rose 10%, supported by copper output at its Quellaveco mine in Peru and strong rough diamond production from De Beers. The group reported a 52% surge in quarterly copper output to 244,000 tonnes thanks to its performa...
2023-02-02 00:00:00+00:00
AAL
Amplats says 2022 refined PGM output fell 25%, 2023 outlook unchanged
Adds details HARARE, Feb 2 (Reuters) - Anglo American Platinum AMSJ.J reported on Thursday a fall of 25% in refined platinum group metal (PGM) output in 2022, due to the delayed Polokwane smelter rebuild, power outages, as well as lower mine production and grades. The Johannesburg-listed Amplats said refined PGM produc...
2023-02-01 00:00:00+00:00
AAL
U.S. airline group blasts White House competition efforts
By David Shepardson WASHINGTON, Feb 1 (Reuters) - A group representing major U.S. airlines on Wednesday blasted White House proposals on competition in the industry as "short-sighted" and said they would "drive-up costs and reduce choices" for consumers. The White House said on Wednesday the Transportation Department (...
2023-02-01 00:00:00+00:00
AAL
Biden moves to slash U.S. credit card fees, app charges
By Douglas Gillison and David Shepardson WASHINGTON, Feb 1 (Reuters) - The White House on Wednesday was due to announce fresh efforts to slash credit card late fees and drive down the prices that Apple Inc AAPL.O and Google parent Alphabet Inc GOOGL.O charge on mobile app stores. The move is part of a larger policy dri...
2023-02-01 00:00:00+00:00
AAL
Airlines cancel over 1,400 U.S. flights as ice storm hits multiple states
Feb 1 (Reuters) - Airlines canceled over 1,400 flights in the United States on Wednesday, after an ice storm hit states from Texas to West Virginia. A total of 1,467 flights within, into or out of the United States were canceled, while 527 flights were delayed as of 6.48 a.m. ET, according to flight-tracking website Fl...
2023-02-01 00:00:00+00:00
AAL
American Airlines Group Inc. (AAL) Is a Trending Stock: Facts to Know Before Betting on It
American Airlines (AAL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this world's largest airline have returned +26.7%, compared to the Zack...
2023-01-31 00:00:00+00:00
AAL
Refunds, flights in U.S. lawmaker proposals to protect air passengers after meltdowns
By David Shepardson WASHINGTON, Jan 31 (Reuters) - U.S. air passengers would be offered refunds for delayed flights and transportation on rival carriers under sweeping consumer protections proposed on Tuesday after a series of disruptions including a holiday meltdown at Southwest Airlines LUV.N. U.S. lawmakers said the...
2023-01-31 00:00:00+00:00
AAL
Should You Look Past Mixed Earnings & Play Airlines ETF?
It’s been around three weeks since Delta Air Lines Inc. DAL kick started the fourth-quarter earnings season for the airline space. Overall, the season has been mixed for the industry. The sector still has a way to go before it can reach the pre-pandemic level. However, the pureplay airlines ETF U.S. Global Jets ETF JET...
2023-01-31 00:00:00+00:00
AAL
Diamond sales at Botswana's Debswana hit record high in 2022
GABORONE, Jan 31 (Reuters) - Rough diamond sales by Debswana Diamond Company reached record levels in 2022, data showed on Tuesday, as Western buyers shunned Russian stones and Botswana profited from steady global demand for diamond jewellery. A joint venture between Anglo American AAL.L unit De Beers and Botswana's go...
2023-01-31 00:00:00+00:00
AAL
PREVIEW-Squeezed mining companies face growth dilemma
By Clara Denina and Helen Reid JOHANNESBURG, Jan 31 (Reuters) - High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China's reopening and the role of minerals in decarbonising the economy. Although...
2023-01-30 00:00:00+00:00
AAL
Airline Stock Roundup: Q4 Earnings Reports of AAL, LUV & Others
In the past week, sectoral heavyweights like American Airlines AAL, Southwest Airlines LUV, JetBlue Airways JBLU and Alaska Air Group ALK reported earnings for fourth-quarter 2022. Even though robust air-travel demand boosted the top lines of these airline operators, high-fuel costs limited bottom-line growth. Fourth...
2023-01-30 00:00:00+00:00
AAL
GATX Cheers Investors, Announces 5.8% Dividend Increase
Dividend investing is a popular strategy in which an investor puts money in a regular dividend-paying stock. Keeping in mind the dividend distribution history of GATX (GATX) for the past 105 years, it certainly makes its way to the portfolio of any dividend investor. GATX distributed $74.3 million as dividends during 2...
2023-01-30 00:00:00+00:00
AAL
U.S. airlines cancel over 1,000 flights over winter storm
Jan 30 (Reuters) - More than 1,000 Monday flights into or out of the United States have been canceled due to a severe winter storm, with about half of those coming from Southwest Airlines Co LUV.N. A total of 1,019 flights were canceled as of 6:00 pm ET, according to flight-tracking service FlightAware. Low-cost carrie...
2023-01-30 00:00:00+00:00
AAL
United Airlines technicians vote to ratify new contract
Adds CEO comment Jan 30 (Reuters) - United Airlines Holdings Inc UAL.O technicians ratified a two-year contract with the carrier that includes 16% to 23% wage increases, their union said on Monday. International Brotherhood of Teamsters, representing around 8,200 United Airlines technicians said the two-year contract w...
2023-01-30 00:00:00+00:00
AAL
Are You Looking for a Top Momentum Pick? Why American Airlines (AAL) is a Great Choice
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a s...
2023-01-27 00:00:00+00:00
AAL
Investing in Airplane Stocks: What You Need to Know
Airplane stocks from part makers to airlines themselves can be a tempting investment, and they've done well recently. But long term they've been a difficult place to make money. Motley Fool contributors Travis Hoium and Lou Whiteman discuss the state of the industry and why now is a better time to buy airplane stocks t...